2013-09-26 16:00:18 [Message] fib_1618 -> Chat: good day2013-09-26 16:00:26 [Message] fib_1618 -> Chat: how is everyone?2013-09-26 16:02:40 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2013-09-26 16:04:23 [Message] thespookyone -> Chat: market looks like it's warming up2013-09-26 16:04:58 [Message] fib_1618 -> Chat: yes...looks like the last of the basing is now complete 2013-09-26 16:08:25 [Message] fib_1618 -> Chat: OK...let's get DP and see what we have to work with today2013-09-26 16:08:48 [Message] fib_1618 -> Chat: after moving toward its zero line on Wednesday2013-09-26 16:09:13 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO gave us our obligatory bounce higher today2013-09-26 16:09:30 [Message] fib_1618 -> Chat: but there wasn't much conviction behind it2013-09-26 16:10:12 [Message] fib_1618 -> Chat: but it settled higher enough (+15) to allow the NYSE CO breadth MCSUM to move above the +500 level2013-09-26 16:10:55 [Message] fib_1618 -> Chat: while today's price bar on the NYA remained above yesterday's intraday low and close2013-09-26 16:11:10 [Message] fib_1618 -> Chat: this would suggest that we're likely to see additional strength near term2013-09-26 16:11:22 [Message] fib_1618 -> Chat: and a challenge of the recent price highs that we saw last week2013-09-26 16:11:33 [Message] fib_1618 -> Chat: also of note2013-09-26 16:12:04 [Message] fib_1618 -> Chat: is how the current consolidation remains above the pattern gap of 2 weeks ago2013-09-26 16:12:19 [Message] fib_1618 -> Chat: another sign of intrinsic strength right now2013-09-26 16:12:44 [Message] fib_1618 -> Chat: and, of course, this also completes the snapback to what was the previous price highs on the daily chart2013-09-26 16:12:57 [Message] fib_1618 -> Chat: so...things remain positive overall for the buyers2013-09-26 16:13:11 [Message] fib_1618 -> Chat: they just need to see some end of month follow through to get things moving2013-09-26 16:13:37 [Message] fib_1618 -> Chat: we also saw a bounce higher today in the NYSE Composite breadth MCO2013-09-26 16:13:55 [Message] fib_1618 -> Chat: and this has allowed the NYSE Composite breadth MCSUM to move to around the +297 level2013-09-26 16:14:11 [Message] fib_1618 -> Chat: far enough away now for us to see a probable challenge of the +500 level2013-09-26 16:15:10 [Message] fib_1618 -> Chat: the NASDAQ composite closed within single digit points of new recovery highs today2013-09-26 16:15:30 [Message] fib_1618 -> Chat: while the NASDAQ breadth MCO was able to not only bounce higher 2013-09-26 16:16:03 [Message] fib_1618 -> Chat: but it also took out a blip resistance point that can be seen on the close up chart2013-09-26 16:16:21 [Message] fib_1618 -> Chat: looking at the price pattern again2013-09-26 16:16:33 [Message] fib_1618 -> Chat: and there is a definite triangular shape to the pattern2013-09-26 16:16:44 [Message] fib_1618 -> Chat: which suggests a continuation pattern2013-09-26 16:17:10 [Message] fib_1618 -> Chat: and higher price highs should be the near term result of any breakout that might come about during this same time2013-09-26 16:17:33 [Message] fib_1618 -> Chat: notice also on the NASDAQ Composite price chart2013-09-26 16:17:47 [Message] fib_1618 -> Chat: how the angle of ascent continues to increase as we move along in time2013-09-26 16:18:20 [Message] fib_1618 -> Chat: with one angle from the November/April lows2013-09-26 16:18:43 [Message] fib_1618 -> Chat: a more accelerated angle from the April/June lows2013-09-26 16:18:59 [Message] fib_1618 -> Chat: and the current one from the June/August lows2013-09-26 16:19:13 [Message] fib_1618 -> Chat: since we have three fan formations present2013-09-26 16:19:38 [Message] fib_1618 -> Chat: this is usually the set up right before we have an increase in the volatility of the price pattern itself2013-09-26 16:20:03 [Message] fib_1618 -> Chat: where melt up and melt down conditions can occur2013-09-26 16:20:25 [Message] fib_1618 -> Chat: so we'll watch with interest how this time will turn out to be2013-09-26 16:20:27 [Message] fib_1618 -> Chat: keep in mind2013-09-26 16:20:53 [Message] fib_1618 -> Chat: we are now only 200 points away from reaching our longer term upside price target on the NASDAQ of 40002013-09-26 16:21:16 [Message] fib_1618 -> Chat: which was given back at the start of the rally...in December of last year2013-09-26 16:21:34 [Message] fib_1618 -> Chat: which is now almost 900 points lower2013-09-26 16:21:37 [Message] fib_1618 -> Chat: let's see2013-09-26 16:22:07 [Message] fib_1618 -> Chat: for an overall gain now from that forecast of 22%2013-09-26 16:22:25 [Message] fib_1618 -> Chat: and hopefully many of us in the chat have benefited 2013-09-26 16:22:59 [Message] fib_1618 -> Chat: as was forecasted on Wednesday2013-09-26 16:23:07 [Message] fib_1618 -> Chat: the NDX breadth MCO also bounced higher today2013-09-26 16:23:13 [Message] fib_1618 -> Chat: and it's now back above its zero line2013-09-26 16:23:25 [Message] fib_1618 -> Chat: and given the sideways movement of the NDX breadth MCSUM2013-09-26 16:23:41 [Message] fib_1618 -> Chat: it too moved to new highs with this same MCO zero line crossover2013-09-26 16:24:16 [Message] fib_1618 -> Chat: still...the buyers need some good follow through here to move above the +1000 level2013-09-26 16:24:28 [Message] fib_1618 -> Chat: but as long as our blueprint remains consistent2013-09-26 16:24:49 [Message] fib_1618 -> Chat: it's not a matter of IF, it's only a matter of "when" this will actually take place2013-09-26 16:24:53 [Message] thespookyone -> Chat: do these inverted ledges mean we are going into the last move of the segment-which would make sense time wise anyway?2013-09-26 16:25:02 [Message] fib_1618 -> Chat: they can be2013-09-26 16:25:24 [Message] fib_1618 -> Chat: ledges and fishhooks usually appear very close to the actual completion point in the MCSUM sequence2013-09-26 16:25:29 [Message] fib_1618 -> Chat: but as we have seen before 2013-09-26 16:25:33 [Message] fib_1618 -> Chat: in either direction2013-09-26 16:25:49 [Message] fib_1618 -> Chat: there are times in which we can have a ledge and then see a fishhook2013-09-26 16:25:54 [Message] fib_1618 -> Chat: or vice versa2013-09-26 16:26:02 [Message] fib_1618 -> Chat: in total though2013-09-26 16:26:30 [Message] fib_1618 -> Chat: the odds are the greatest that a termination point in the MCSUM is taking place when a ledge formation appears on any downside sequence2013-09-26 16:26:42 [Message] fib_1618 -> Chat: as you can only exhaust so much from the market2013-09-26 16:26:58 [Message] fib_1618 -> Chat: but you can play up the market based on the worry factor, and then having clarity2013-09-26 16:27:07 [Message] fib_1618 -> Chat: right now2013-09-26 16:27:08 [Message] fib_1618 -> Chat: I guess2013-09-26 16:27:16 [Message] fib_1618 -> Chat: the excuse is the debt ceiling2013-09-26 16:27:37 [Message] fib_1618 -> Chat: but like all of the other "worries" out there2013-09-26 16:27:50 [Message] fib_1618 -> Chat: once the answers are known2013-09-26 16:28:00 [Message] fib_1618 -> Chat: then the market can move more freely2013-09-26 16:28:05 [Message] fib_1618 -> Chat: sort of like a river2013-09-26 16:28:21 [Message] fib_1618 -> Chat: and a tree falls and closes off the flow of water2013-09-26 16:28:28 [Message] fib_1618 -> Chat: but eventually, when the tree is removed2013-09-26 16:28:49 [Message] fib_1618 -> Chat: the natural tendency of what each money flow sequence brings is then fulfilled2013-09-26 16:29:35 [Message] fib_1618 -> Chat: notice also that the worry continues on this "tapering" distraction2013-09-26 16:30:00 [Message] fib_1618 -> Chat: I read that 3 Fed Governors say that they will "taper" in October2013-09-26 16:30:06 [Message] fib_1618 -> Chat: but guess what everybody?2013-09-26 16:30:16 [Message] fib_1618 -> Chat: it's the Chairman who has the final say here2013-09-26 16:30:31 [Message] fib_1618 -> Chat: and he keeps saying early next year2013-09-26 16:30:45 [Message] fib_1618 -> Chat: and if his replacement is Yellen2013-09-26 16:30:53 [Message] fib_1618 -> Chat: this is not going to change a thing2013-09-26 16:31:07 [Message] fib_1618 -> Chat: so...the wall of worry remains intact2013-09-26 16:31:38 [Message] fib_1618 -> Chat: the time to worry here would be when no one makes any remarks on this latest buzzword that was "invented" by the media2013-09-26 16:31:52 [Message] fib_1618 -> Chat: anyway2013-09-26 16:32:05 [Message] fib_1618 -> Chat: fundamental stuff is for the every day person2013-09-26 16:32:12 [Message] fib_1618 -> Chat: it means nothing to a technician2013-09-26 16:32:15 [Message] fib_1618 -> Chat: well...2013-09-26 16:32:20 [Message] fib_1618 -> Chat: fundamentals matter2013-09-26 16:32:28 [Message] fib_1618 -> Chat: but not all of this political pandering2013-09-26 16:32:33 [Message] fib_1618 -> Chat: back to the charts2013-09-26 16:32:45 [Message] fib_1618 -> Chat: so, for now2013-09-26 16:33:05 [Message] fib_1618 -> Chat: what we do know is that the odds of our breaking to the upside in all of the MCSUM's is better than 50%2013-09-26 16:33:23 [Message] fib_1618 -> Chat: and that we do have various areas of resistance still needing to be taken out along the way2013-09-26 16:33:34 [Message] fib_1618 -> Chat: for some it's a horizontal line of resistance2013-09-26 16:34:01 [Message] fib_1618 -> Chat: but for the majority its a declining tops line connecting spring and summer MCSUM highs2013-09-26 16:34:14 [Message] fib_1618 -> Chat: whether we break above these levels or not2013-09-26 16:34:31 [Message] fib_1618 -> Chat: it's still something that we should acknowledge as a potential rally killer2013-09-26 16:34:53 [Message] fib_1618 -> Chat: especially now that we do have some inverted ledges in play2013-09-26 16:34:57 [Message] fib_1618 -> Chat: regardless2013-09-26 16:35:12 [Message] fib_1618 -> Chat: the rubber won't meet the road until we get closer to these same trendline challenges2013-09-26 16:35:50 [Message] fib_1618 -> Chat: and we should just work with what the market gives us and be prepared (as always) for anything that might prove to be "different"2013-09-26 16:36:07 [Message] fib_1618 -> Chat: snapback to the zero line now complete on the SPX breadth MCO2013-09-26 16:36:24 [Message] fib_1618 -> Chat: with the inverted ledge still in place on the SPX breadth MCSUM2013-09-26 16:36:48 [Message] fib_1618 -> Chat: still on a crossover sell signal on the SPX MCO components2013-09-26 16:36:58 [Message] fib_1618 -> Chat: so tomorrow is one of those statement days2013-09-26 16:37:10 [Message] fib_1618 -> Chat: where if the sellers don't take immediate control2013-09-26 16:37:18 [Message] fib_1618 -> Chat: the bulls will tend to stampede forward2013-09-26 16:37:29 [Message] fib_1618 -> Chat: with very little resistance2013-09-26 16:38:14 [Message] fib_1618 -> Chat: pretty much the same thing with the OEX breadth MCO and MCSUM2013-09-26 16:38:27 [Message] fib_1618 -> Chat: no less the OEX MCO components2013-09-26 16:38:46 [Message] fib_1618 -> Chat: ditto on the Dow 2013-09-26 16:39:13 [Message] fib_1618 -> Chat: we got a nice brisk move higher today in the MID breadth MCO2013-09-26 16:39:27 [Message] fib_1618 -> Chat: and with it2013-09-26 16:39:44 [Message] fib_1618 -> Chat: we now see a nice separation of posting to the upside in the MID breadth MCSUM2013-09-26 16:40:24 [Message] fib_1618 -> Chat: as we're about to challenge the MID MCSUM gap resistance zone2013-09-26 16:40:58 [Message] fib_1618 -> Chat: the SML closed at new all time price highs today2013-09-26 16:41:20 [Message] fib_1618 -> Chat: but there wasn't a lot of push to these highs by the SML breadth MCO2013-09-26 16:41:22 [Message] fib_1618 -> Chat: in fact2013-09-26 16:41:36 [Message] fib_1618 -> Chat: there wasn't enough to even move above last week's blip resistance area2013-09-26 16:41:48 [Message] fib_1618 -> Chat: and until that blip is taken out2013-09-26 16:42:05 [Message] fib_1618 -> Chat: prices will not be able to stay in this new all time high territory 2013-09-26 16:42:06 [Message] fib_1618 -> Chat: no less2013-09-26 16:42:28 [Message] fib_1618 -> Chat: close above the intraday highs that were seen on Tuesday2013-09-26 16:43:01 [Message] fib_1618 -> Chat: and we saw a small bounce higher as well in the TM breadth MCO2013-09-26 16:43:25 [Message] fib_1618 -> Chat: and you can see how this has generated a larger post expansion to the upside in the TM breadth MCSUM2013-09-26 16:43:33 [Message] fib_1618 -> Chat: so...2013-09-26 16:43:41 [Message] fib_1618 -> Chat: a good technical start2013-09-26 16:43:57 [Message] fib_1618 -> Chat: though we didn't see a lot of conviction from the buy side2013-09-26 16:44:12 [Message] fib_1618 -> Chat: this was more than offset by a bigger lack of conviction from the sell side2013-09-26 16:44:15 [Message] fib_1618 -> Chat: and so we closed higher2013-09-26 16:44:50 [Message] fib_1618 -> Chat: as we're still looking for the trigger for our small point change that we had yesterday on the NYSE breadth MCO 2013-09-26 16:45:03 [Message] fib_1618 -> Chat: so we'll see what day 2 gives us2013-09-26 16:45:07 [Message] fib_1618 -> Chat: moving to the sectors2013-09-26 16:45:38 [Message] fib_1618 -> Chat: we got a small bounce back above the zero line in the XLY breadth MCO 2013-09-26 16:45:46 [Message] fib_1618 -> Chat: but as we can see on the close up chart2013-09-26 16:45:59 [Message] fib_1618 -> Chat: it wasn't enough to move above last Tuesday's blip resistance2013-09-26 16:46:41 [Message] fib_1618 -> Chat: meanwhile2013-09-26 16:47:01 [Message] fib_1618 -> Chat: we have a crossover buy going in the XLY MCO components2013-09-26 16:47:14 [Message] fib_1618 -> Chat: and the XLY breadth MCSUM is above its +500 level2013-09-26 16:47:25 [Message] fib_1618 -> Chat: so there's more positives than negatives here2013-09-26 16:48:01 [Message] fib_1618 -> Chat: the XLP price chart remains trapped in a larger trading range2013-09-26 16:48:45 [Message] fib_1618 -> Chat: as the XLP breadth MCO had a swing of over 225 data points from last weeks highs to yesterday's lows2013-09-26 16:49:02 [Message] fib_1618 -> Chat: and that pretty much puts this index at a neutral rating2013-09-26 16:49:27 [Message] fib_1618 -> Chat: notice here that the XLP breadth MCSUM was decisively turned away from the important +500 level2013-09-26 16:49:55 [Message] fib_1618 -> Chat: so, for now, it would probably be a good idea to look to other sectors for potential upside leadership2013-09-26 16:50:06 [Message] fib_1618 -> Chat: this probably also suggests2013-09-26 16:50:55 [Message] fib_1618 -> Chat: that our idea of Aunt Minnie and Uncle Charley plowing their monies in after last Wednesday's Fed announcement got tired of waiting and moved into more conservative, defensive issues2013-09-26 16:51:00 [Message] fib_1618 -> Chat: and then there was none2013-09-26 16:51:21 [Message] fib_1618 -> Chat: for now2013-09-26 16:51:26 [Message] fib_1618 -> Chat: no one has control here, so step aside2013-09-26 16:52:04 [Message] fib_1618 -> Chat: the XLE looks to be the sleeping giant2013-09-26 16:52:21 [Message] fib_1618 -> Chat: as the XLE breadth MCO, the components, and the MCSUM are all at their zero lines2013-09-26 16:52:28 [Message] fib_1618 -> Chat: and one side is about to take control2013-09-26 16:52:33 [Message] fib_1618 -> Chat: meanwhile2013-09-26 16:52:39 [Message] fib_1618 -> Chat: prices are trading at all time highs2013-09-26 16:52:52 [Message] fib_1618 -> Chat: so if everyone is closer to being a winner than a loser2013-09-26 16:53:11 [Message] fib_1618 -> Chat: the odds suggest that the bulls are probably going to try to make a go of it first 2013-09-26 16:53:25 [Message] fib_1618 -> Chat: and then we'll see if they have any staying power behind them2013-09-26 16:53:54 [Message] fib_1618 -> Chat: the XLF breadth MCO did bounce off its zero line today2013-09-26 16:54:02 [Message] fib_1618 -> Chat: and looking at the MCO pattern2013-09-26 16:54:23 [Message] fib_1618 -> Chat: we see that this last move lower was probably more of profit taking than any kind of sell signal2013-09-26 16:54:50 [Message] fib_1618 -> Chat: based on the fact that we saw a lot of upside texture in the pattern going into the recent MCO highs2013-09-26 16:55:04 [Message] fib_1618 -> Chat: so the expectation here is for that to continue2013-09-26 16:55:25 [Message] fib_1618 -> Chat: notice also at how the price pattern continues to hold at the $20 level2013-09-26 16:55:42 [Message] fib_1618 -> Chat: which, aside from the August correction2013-09-26 16:55:59 [Message] fib_1618 -> Chat: is where we saw the prior highs made in May2013-09-26 16:56:32 [Message] fib_1618 -> Chat: so when we take this knowledge together with the current position of the XLF breadth MCSUM2013-09-26 16:56:59 [Message] fib_1618 -> Chat: one can place a buy stop at the 20.40 level2013-09-26 16:57:24 [Message] fib_1618 -> Chat: and a sell stop at .10 below yesterday's intraday lows2013-09-26 16:57:43 [Message] fib_1618 -> Chat: the internals, however, continue to say that we're not done yet on the upside2013-09-26 16:57:50 [Message] fib_1618 -> Chat: so we'll see how it all sorts out2013-09-26 16:58:07 [Message] fib_1618 -> Chat: like the Consumer Staples2013-09-26 16:58:23 [Message] fib_1618 -> Chat: the XLV also took it on the defensive chin this past week2013-09-26 16:58:56 [Message] fib_1618 -> Chat: so much so that the XLV breadth MCO moved to a minimal "oversold" reading of -622013-09-26 16:59:23 [Message] fib_1618 -> Chat: given the background noise going on with funding Obamacare2013-09-26 16:59:30 [Message] fib_1618 -> Chat: I guess this would make some sense2013-09-26 16:59:37 [Message] fib_1618 -> Chat: but technically2013-09-26 17:00:03 [Message] fib_1618 -> Chat: it would appear that the XLV price structure should remain with an upside bias2013-09-26 17:00:24 [Message] fib_1618 -> Chat: and a test of the trendline on the year chart will probably be challenged short term2013-09-26 17:00:46 [Message] fib_1618 -> Chat: the XLI breadth MCSUM continues to show good strength here2013-09-26 17:00:55 [Message] fib_1618 -> Chat: with it not only taking out its declining tops line2013-09-26 17:01:08 [Message] fib_1618 -> Chat: but now its also taken out its horizontal resistance point2013-09-26 17:01:11 [Message] fib_1618 -> Chat: because of this2013-09-26 17:01:32 [Message] fib_1618 -> Chat: we should continue to see good strength in both the Dow Industrials and the Dow Transports over the next several weeks2013-09-26 17:02:00 [Message] fib_1618 -> Chat: with the near term problem of seeing what will happen as we get closer to the +1250 level2013-09-26 17:02:13 [Message] fib_1618 -> Chat: so with today's reading of +11922013-09-26 17:02:21 [Message] fib_1618 -> Chat: we should know more on that by the middle part of next week2013-09-26 17:02:57 [Message] fib_1618 -> Chat: we're getting a lot of conflicting signals with the XLB data2013-09-26 17:03:16 [Message] fib_1618 -> Chat: where breadth of market is not showing any real support at current price levels2013-09-26 17:03:32 [Message] fib_1618 -> Chat: so it probably won't be too surprising if we see a near term shake out there2013-09-26 17:03:49 [Message] fib_1618 -> Chat: short term though2013-09-26 17:04:07 [Message] fib_1618 -> Chat: there's not really enough as yet to call the current condition a problem2013-09-26 17:04:29 [Message] fib_1618 -> Chat: more like we need to see a reset here so that the engine timing is a bit better2013-09-26 17:04:57 [Message] fib_1618 -> Chat: the XLK remains choppy...but with a bullish bias2013-09-26 17:05:11 [Message] fib_1618 -> Chat: not a lot there to hang our collective hats on though2013-09-26 17:05:32 [Message] fib_1618 -> Chat: so it's probably better to continue to watch this one from the sidelines2013-09-26 17:06:00 [Message] fib_1618 -> Chat: though a new closing high might be something to work with 2013-09-26 17:06:05 [Message] fib_1618 -> Chat: tough to say 2013-09-26 17:06:34 [Message] fib_1618 -> Chat: and the XLU price pattern continues to move within a large trading range2013-09-26 17:06:52 [Message] fib_1618 -> Chat: with the XLU breadth MCO showing tepid support2013-09-26 17:07:20 [Message] fib_1618 -> Chat: while the XLU breadth MCSUM remains soft2013-09-26 17:07:28 [Message] fib_1618 -> Chat: sooo...2013-09-26 17:07:50 [Message] fib_1618 -> Chat: it would seem that last weeks rush to move into defensive issues has come and gone2013-09-26 17:08:01 [Message] fib_1618 -> Chat: and that the only real leader here right now is with the XLI2013-09-26 17:08:31 [Message] fib_1618 -> Chat: with several others showing some resemblance to wanting to continue to be positive2013-09-26 17:08:39 [Message] fib_1618 -> Chat: kind of a mixed bag2013-09-26 17:08:55 [Message] fib_1618 -> Chat: where hopefully we'll have a better handle on next week2013-09-26 17:09:19 [Message] fib_1618 -> Chat: CVI's are now neutral2013-09-26 17:09:26 [Message] fib_1618 -> Chat: STVO's are now "oversold"2013-09-26 17:09:31 [Message] fib_1618 -> Chat: VTO's continue to hang in there suggesting that we're trending2013-09-26 17:09:42 [Message] fib_1618 -> Chat: between the three2013-09-26 17:09:47 [Message] fib_1618 -> Chat: one side is about to take control2013-09-26 17:09:59 [Message] fib_1618 -> Chat: and it looks like that initially it will be the buyers2013-09-26 17:10:13 [Message] fib_1618 -> Chat: NYSE TRIN at 1.182013-09-26 17:10:26 [Message] fib_1618 -> Chat: Open 10 at 1.422013-09-26 17:10:29 [Message] fib_1618 -> Chat: lol2013-09-26 17:10:36 [Message] fib_1618 -> Chat: boy...2013-09-26 17:10:42 [Message] fib_1618 -> Chat: and people want to short this?2013-09-26 17:10:49 [Message] fib_1618 -> Chat: talk about a technical death wish2013-09-26 17:11:21 [Message] fib_1618 -> Chat: this is why we had a solid floor today in prices2013-09-26 17:11:32 [Message] fib_1618 -> Chat: all that was missing was actually support of the bids2013-09-26 17:11:47 [Message] fib_1618 -> Chat: but it looked like we were starting to get that at the close2013-09-26 17:11:55 [Message] fib_1618 -> Chat: we'll check the futures in a moment2013-09-26 17:12:32 [Message] fib_1618 -> Chat: the NYSE Open 10 is now at its lowest levels in 3 years2013-09-26 17:12:50 [Message] fib_1618 -> Chat: and here we are less than 2% from all time highs on many of the major market indices?2013-09-26 17:13:25 [Message] fib_1618 -> Chat: how can we have a deeply "oversold" market when there's been little in the way that would generate such activity by moving prices lower?2013-09-26 17:13:43 [Message] fib_1618 -> Chat: absolutely amazing2013-09-26 17:13:50 [Message] fib_1618 -> Chat: wait until the shorts cover...it could really be something2013-09-26 17:14:05 [Message] fib_1618 -> Chat: NASDAQ TRIN at .802013-09-26 17:14:15 [Message] fib_1618 -> Chat: Open 10 at .90 2013-09-26 17:14:18 [Message] fib_1618 -> Chat: neutral2013-09-26 17:14:28 [Message] fib_1618 -> Chat: TM TRIN at .892013-09-26 17:14:37 [Message] fib_1618 -> Chat: Open 10 at 1.062013-09-26 17:14:40 [Message] fib_1618 -> Chat: "oversold"2013-09-26 17:14:47 [Message] fib_1618 -> Chat: sooooooo.....2013-09-26 17:14:54 [Message] fib_1618 -> Chat: it's the bulls ball2013-09-26 17:15:06 [Message] fib_1618 -> Chat: and there's very little defense from the opposite side2013-09-26 17:15:28 [Message] fib_1618 -> Chat: so although there shouldn't be too much problem in moving the ball forward2013-09-26 17:15:49 [Message] fib_1618 -> Chat: we also can't discount that the one holding the ball has butter on their fingers either and could fumble the ball near term2013-09-26 17:15:56 [Message] fib_1618 -> Chat: but odds wise2013-09-26 17:16:12 [Message] fib_1618 -> Chat: we should see new price highs within a couple of sessions here2013-09-26 17:16:19 [Message] fib_1618 -> Chat: let me check the futures2013-09-26 17:16:42 [Message] fib_1618 -> Chat: Dow up about the same as yesterday at this time +362013-09-26 17:16:55 [Message] fib_1618 -> Chat: and let's check the BETS2013-09-26 17:17:58 [Message] fib_1618 -> Chat: new all time highs in the NAUD line today2013-09-26 17:19:03 [Message] fib_1618 -> Chat: +40, but we have 4 of the cumulative charts that are about to, or are compressed enough, to move into bullish configurations on any positive day on Friday2013-09-26 17:19:24 [Message] fib_1618 -> Chat: volume plurality is still leading here2013-09-26 17:19:30 [Message] fib_1618 -> Chat: and the AMEX is waking up now2013-09-26 17:19:43 [Message] fib_1618 -> Chat: the TSX is also showing good performance as well2013-09-26 17:20:00 [Message] fib_1618 -> Chat: let me take a quick look around at the sectors2013-09-26 17:20:30 [Message] fib_1618 -> Chat: banks are soft2013-09-26 17:20:38 [Message] fib_1618 -> Chat: Biotech is still strong2013-09-26 17:21:17 [Message] fib_1618 -> Chat: Clean Energy remains strong2013-09-26 17:22:06 [Message] fib_1618 -> Chat: Precious metals still look blah2013-09-26 17:22:17 [Message] fib_1618 -> Chat: getting concerned with that sector now2013-09-26 17:22:32 [Message] fib_1618 -> Chat: well...not so much concerned2013-09-26 17:22:53 [Message] fib_1618 -> Chat: as I am cognizant that if gold prices don't rise soon2013-09-26 17:23:33 [Message] fib_1618 -> Chat: than we can bet that the further monetary easing will be a thing of the past2013-09-26 17:23:42 [Message] fib_1618 -> Chat: again2013-09-26 17:23:43 [Message] fib_1618 -> Chat: remember2013-09-26 17:23:54 [Message] fib_1618 -> Chat: that excess liquidity moves first into gold2013-09-26 17:23:59 [Message] fib_1618 -> Chat: then into commodities2013-09-26 17:24:02 [Message] fib_1618 -> Chat: then into debt 2013-09-26 17:24:07 [Message] fib_1618 -> Chat: and then finally into equities2013-09-26 17:24:25 [Message] fib_1618 -> Chat: it takes about 16-18 months for this cycle of events to move from gold to equities2013-09-26 17:24:42 [Message] fib_1618 -> Chat: and if one were to want more proof of this intermarket relationship2013-09-26 17:25:08 [Message] fib_1618 -> Chat: than one only has to look at the price of gold moving lower in the past year signaling lesser amounts of excess2013-09-26 17:25:20 [Message] fib_1618 -> Chat: and this then travels into debt instruments2013-09-26 17:25:35 [Message] fib_1618 -> Chat: and why interest rates have been moving higher over the last 4-6 months2013-09-26 17:26:20 [Message] fib_1618 -> Chat: this is why the theory of our moving from a stock market that is based on the creation of money to that to the creation of earnings probably makes the most amount of fundamental sense2013-09-26 17:26:41 [Message] fib_1618 -> Chat: we will, of course, have this all explained to us later on2013-09-26 17:26:57 [Message] fib_1618 -> Chat: when economist see this all happen2013-09-26 17:27:12 [Message] fib_1618 -> Chat: and then come up with a theory to support their findings 2013-09-26 17:27:34 [Message] fib_1618 -> Chat: home builders are compressed2013-09-26 17:27:39 [Message] fib_1618 -> Chat: look for a big move very soon there2013-09-26 17:27:58 [Message] fib_1618 -> Chat: and with the patterns in bullish configurations2013-09-26 17:28:08 [Message] fib_1618 -> Chat: the odds suggest it will be something to the upside2013-09-26 17:28:49 [Message] fib_1618 -> Chat: REITS are still struggling2013-09-26 17:29:23 [Message] fib_1618 -> Chat: watch the daily EMA interplay on MORT for any insight into that sector2013-09-26 17:30:22 [Message] fib_1618 -> Chat: something to watch2013-09-26 17:30:24 [Message] fib_1618 -> Chat: BAC2013-09-26 17:30:30 [Message] fib_1618 -> Chat: it topped out recently at 152013-09-26 17:30:35 [Message] fib_1618 -> Chat: and now that it's out of the Dow2013-09-26 17:30:41 [Message] fib_1618 -> Chat: it might be a good play2013-09-26 17:30:47 [Message] fib_1618 -> Chat: while no one is watching2013-09-26 17:31:55 [Message] fib_1618 -> Chat: MasterCard is also a great indicator on economic activity2013-09-26 17:32:17 [Message] fib_1618 -> Chat: did you know it's now trading at $677 a share?2013-09-26 17:32:50 [Message] fib_1618 -> Chat: well...not much else to report on2013-09-26 17:33:02 [Message] fib_1618 -> Chat: everything else is just treading water here2013-09-26 17:33:16 [Message] fib_1618 -> Chat: anything else?2013-09-26 17:33:31 [Message] thespookyone -> Chat: thx2013-09-26 17:33:40 [Message] fib_1618 -> Chat: what's your take Lew?2013-09-26 17:34:01 [Message] thespookyone -> Chat: tomorrow is probably important, my bias is up2013-09-26 17:34:20 [Message] fib_1618 -> Chat: well...we certainly have a lot of support right now2013-09-26 17:34:38 [Message] thespookyone -> Chat: and that arms, jeez2013-09-26 17:34:43 [Message] fib_1618 -> Chat: that ridiculously high Open 10 is giving...yes2013-09-26 17:34:54 [Message] fib_1618 -> Chat: it's set a solid floor here2013-09-26 17:35:08 [Message] fib_1618 -> Chat: it would take something remarkable to break down right now2013-09-26 17:35:15 [Message] thespookyone -> Chat: agree2013-09-26 17:35:26 [Message] fib_1618 -> Chat: so...we'll see how it goes2013-09-26 17:35:40 [Message] fib_1618 -> Chat: OK...if there's nothing else2013-09-26 17:35:43 [Message] fib_1618 -> Chat: I'm going to take off2013-09-26 17:35:55 [Message] fib_1618 -> Chat: we have our usual Tuesday, Thursday format next week2013-09-26 17:36:18 [Message] fib_1618 -> Chat: and I should be able to put a calendar together for October by the middle part of next week2013-09-26 17:36:32 [Message] fib_1618 -> Chat: until then...everyone have a great weekend2013-09-26 17:36:41 [Message] fib_1618 -> Chat: and we'll see how things are on Tuesday2013-09-26 17:36:43 [Message] fib_1618 -> Chat: good night__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

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"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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